Turco
Short

Is the Market Maker Sell Model in effect again?

BITFINEX:BTCUSD   Bitcoin / Dollar
274 4 3
12 days ago I published a chart attempting to predict a potential Market Maker Sell Model. Unfortunately for the shorts, a strong insider short squeeze was set up right before the release of the ItBit / FinCen news. Thereupon the market shot up close to $250 and my small position was stopped out. Looking at today's sell-off, I am seeing signs of the market maker sell model being in effect again. If this is the case, I can see us retesting lows of $215 with potential wicks lower.

1) Right now I am only using this chart as a rough guide, because it aligns with my primary BTC forecast:
Bitcoin in the short term
. This model sees buys/ longs at potentially $225 - $215 (with stops).

2) My previous Market Maker Sell Model prediction, can be found here:
Bitcoin - I have to play it, the way I see it.
ChartArt
2 years ago
Against my expectation we broke out of the downtrend channel.
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Turco ChartArt
2 years ago
Bitcoin is so choppy right now, it is becoming increasingly difficult to predict.
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ChartArt Turco
2 years ago
I'm really out of ideas. The price is now right in the middle between my two scenarios, lol

Long-Term Trade Decision This Week
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Turco ChartArt
2 years ago
I can't wait to see how this resolves over the next few weeks / months.
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